Beef market report: Little change as factories took in 32,900 head
The supply of cattle to the factories continues ahead of expectations, leaving beef farmers in a weak position to negotiate price, because processors are not under pressure to secure sufficient stock to meet their weekly requirements.
Officially quoted base prices remain at 390 cents/kg for steers, and reports from around the country confirm that even those who engage in hard selling with the factory agents, before agreeing to part with finished stock, are meeting strong resistance.
